Intellectual Property

27 May 2010

Intellectual property or IP is the collective name for the bundle of rights (“IPR” or intellectual property rights) that protect investment in brands, designs, technology and creative works.

The term is often used to refer to the objects of IP protection such as inventions, trade names, logos, designs, books, films, plays, websites and musical scores. That is wrong. Those objects are intellectual assets so called because they generate revenue and other economic benefits for their owners.